Reason: NSA designed Bitcoin’s Hashing Algorithm The cryptographic hash algorithm ( SHA-256 hash function ) used by Satoshi to prot...
Reason: NSA designed Bitcoin’s Hashing Algorithm
The cryptographic hash algorithm (SHA-256 hash function) used by Satoshi to protect and secure bitcoins is designed by NSA in 2001 and published by the National Institute for Standards and Technology (NIST).
According to cryptography researcher Matthew D. Green of Johns Hopkins University:
“If you assume that the NSA did something to SHA-256, which no outside researcher has detected, what you get is the ability, with credible and detectable action, they would be able to forge transactions. The really scary thing is somebody finds a way to find collisions in SHA-256 really fast without brute-forcing it or using lots of hardware and then they take control of the network,” [Source]
Only the creator of an algorithm knows the backdoors/keys to crack his self-made encryption and NSA is well known to have possessed groundbreaking capabilities and technology against encrypted voice and text communication (i.e. PRISM program) as pin pointed by the NSA Contractor Edward Snowden.
Imagine who is providing the basket to secure all crypto eggs...
Reason: NSA Owns The World's Largest Bitcoin Stash
Bitcoin inventor "Satoshi Nakamoto" currently holds One Million bitcoins out of a total 16 Million Bitcoins mined so far. Since Satoshi is just a shadowy name used by the master of all deceptions i.e. NSA, what ever that comes from Satoshi or is owned by Satoshi is actually the copyright of this mask wearer.
During the bear whale incident, when just 26,000 bitcoins were unloaded on BitStamp on 6th October, the market prices were slashed by over 10%.
Imagine how easily will the Bitcoin market crash if NSA plans to unleash those 1 Million Coins on the market at once?
According to Jeremy Glaros, founder of CoinArch:
"If Satoshi were to dump one million bitcoins, it is not only the price effect we have to worry about but what I'll call the 'faith' effect: after all, if the creator appears to lose confidence in bitcoin then what are the rest of us to believe? Bitcoin companies would become insolvent, and the market would take a long time to recover – if it were to recover at all."
— Jeremy Glaros, founder CoinArch
But NSA will never do that because they want bitcoin to succeed so that they could achieve their global agenda of a One World Currency as a response to Russia’s “United future world currency” presented at G-8 conference in 2009.
But what should frighten bitcoin users more is: Do you really think that individual users control the bitcoin network? If yes then think again!
Reason: FBI Owns The World's Biggest Bitcoin Wallets
FBI misses no opportunity to maintain control over the bitcoin network. Biggest Bitcoin Wallets today are owned by FBI directly. Who keeps the crows away from the farm? Of course the farmer!
Just one month ago on July, 2017, FBI seized the data center and finally took control over the domain of one of the largest Bitcoin exchanges i.e. BTC-e, on charges of money laundering of over $4 Billion from the hack of Mt.Gox (another bitcoin exchange which was hacked in 2014 and users lost all their 850,000 bitcoins worth $450 Million at that time). No body knows how many bitcoins went into the pockets of FBI after this massive take down but one thing is sure, those bitcoins are gone!
Currently BTC-e users are begging FBI through a petition to give them back their bitcoins. I wish those bitcoin users had studied this bogus currency before investing in it. Today it is only their greed that has caused them so much monetary loss.
The US intelligence agencies take down bitcoin exchanges on charges of money laundering, selling illegal drugs but they never utter a word against this bogus currency itself, because they are trying their best to promote it as much as they can in order to achieve their agenda of global control over economic activity of every single human on earth.
Want to hear the love notes of FBI for bitcoin? Read this:
"Bitcoins are not illegal in and of themselves and have known legitimate uses. However, bitcoins are also known to be used with cybercriminals for money-laundering purposes, given the ease with which they can be used to move money anonymously." Source
— FBI Special Agent Christopher Tarbell.
U.S agencies also love to make money from Bitcoins
U.S agencies are no different than those criminals who make money by selling drugs and narcotics which is responsible for killing thousands of people each year. Money which is seized from these dark web market places by FBI, is not destroyed but instead these seized bitcoins are sold in online auctions!
The agency first held a series of auctions in 2014, selling Bitcoin forfeited by Ross Ulbricht in the United States clamp-down on the darkweb drug marketplace the Silk Road. In 2016 the last of these auctions, the agency sold 2,700 Bitcoin for $1.6mln (worth about $37.8mln today , 1/11/2018).
Now, the US Marshals Service will be auctioning 3,813 Bitcoin valued just around $53.3mln.
— CCN blog
Critics may argue how can one destroy bitcoins?
Ghost bitcoins do surely reduce the supply and increase the demand for bitcoins thus increasing its price further but that is only possible when there are more transactions taking place in the blockchain system i.e. trust in the bitcoin ecosystem. A high economic activity at present does not seem possible for bitcoin due to its high volatility, high transactions fees and slow transactions(delayed confirmations). Steam and Microsoft has already stopped accepting bitcoin as currency at their marketplace. So through auctions, NSA is trying hard to keep bitcoin market alive.
Pity bitcoin users are brainwashed so effectively through media and celebrities that they still believe that Bitcoin is a decentralized and revolutionary currency controlled by none...
Reason: Satellites launched To Provide Free Access To Bitcoin
Throughout the world the tax on purchase of smartphones has been decreased so that more and more people could be tracked electronically. Prices of food is increasing significantly but smartphones are getting cheaper.
An android smartphone which once cost over $500 can now be purchased for $50 with exact same features and functionalities thanks to china. They don't care if you can afford daily food expenses or not but they do care and want you to get a smartphone a.s.a.p.
You know why?
They have started setting up satellites in space to provide free internet facility for people using cryptocurrencies via their smartphones. Satellites have been launched in orbit to provide free access to Bitcoin Network globally. I hope you know who controls NASA and the space...
Blockstream writes: “Announcing Blockstream Satellite: Broadcasting Bitcoin from Space”
Launch of Blockstream Satellite Expands Bitcoin's Global Reach and Utility of Bitcoin's Blockchain
San Francisco, CA, August 15, 2017 /PRNewswire/ – Blockstream the leader in blockchain and financial cryptography, today announced the availability of Blockstream Satellite, a new service that broadcasts real-time Bitcoin blockchain data from a group of communication satellites in space to almost everyone on the planet. Blockstream Satellite enables further participation in Bitcoin, including the billions of people in the world without internet access and people in places where bandwidth prices make participating cost prohibitive. With today’s announcement, Blockstream Satellite is available across two thirds of the Earth’s landmass, and additional coverage areas will soon come online to reach almost every person on the planet by the end of the year.
Through technology the hypnotized world which is driven by greed, volunteers willingly to serve this evil cause unknowingly.
Reason: Bitcoin Transactions Are Not Anonymous
At first no bitcoin user would agree to it but now even they accept it as truth. Every transaction is recorded on a public ledger. Your name is not attached to it but if someone wants to trace who is making the transaction they can do it easily either by linking the transactions trail on blockchain or thanks to the KYC/AML license policies of Bitcoin Banks (Wallets). It is extremely easy to trace a coin's history to connect identities to addresses.
In order to send and receive payments via bitcoin you need to store your bitcoins on an online wallet just like cash in your bank for sending/receiving purpose. Although you can send/receive bitcoins using a software wallet installed on your device but that is limited to transactions amongst friends, family members or those whom can you trust. For doing business with a stranger you need to rely on an intermediary service like Coinbase, Bitpay etc. which is just like the PayPal of Bitcoin payments. These intermediary services do help in cases of disputes to some extent so you can ensure secure payments.
One of the biggest and most popular Bitcoin Wallet services and merchant processors is Coinbase and bitpay. Both these services operate from USA and they abide by all legal laws of trade and commerce in U.S.
The moment you sign up for an account with these services, they take all personal details about your identity and even your credit card info, National Identity Card or Photo ID so that you could trade your dollars for bitcoins.
Don’t take my words. See it for yourself: Coinbase Identity Verification.
And now to convince the “Smart” bitcoin enthusiasts who still think by not using online wallets, they can still remain anonymous then here is an example as most relevant proof.
An example is Silk Road traced by FBI, a sophisticated black market website offering illegal wares and services from heroin to hit men. FBI hacked into Silk Road’s servers and discovered almost all private customer account details. FBI seized around 144,342 bitcoins. The site founder Ulbricht was sentenced to life in prison without possibility of parole.
Just recently AlphaBay was taken down, which is one of the largest criminal marketplaces on the Dark Web. Can you guess what mistake revealed the identity of the AlphaBay operator & lead to his arrest? The answer is: His hotmail email ID!
Cazes made the same mistake that most cyber criminals do which revealed his real identity and led to his arrest. He was using his personal email (Pimp_Alex_91@hotmail.com) to send out welcome & support emails to all members of his AlphaBay websites.
As a result of Bitcoin’s traceable structure, Darknet users have moved their attention to more private and untraceable cryptocurrencies such as Monero and Dash.
To achieve complete anonymity while making bitcoin transactions, one can surely make the process hard for law enforcing agencies by using paid services like Bitcoin mixing which is a process to break the traceability of bitcoin transactions. One can also use a paid VPN service and use TOR browser to hide your IP address. But no matter what method is used, bitcoin is no more an anonymous payment system as it was claimed to be.
When you are on internet, you are never anonymous or secure. Someone is watching you all the time.
Reason: Bitcoin Inventor holds One Million Bitcoin
NSA Character, Satoshi Nakamoto holds around 6.0% of all the bitcoins in circulation. Right now, there are 16.5 million bitcoin in circulation out of a total 21 million bitcoin. He will hold a fixed share of 4.8% of all 21 million bitcoin once all are mined.
That he can release anytime to crash the market - When you flood too much water inside a pipe, the pipe bursts. Same is the case with any trade. If you flood all these bitcoins in the market, the price bubble will burst.
Dorian’s action has confirmed that a bubble is on its way soon.